Examlex
______________ involves ensuring that performance does not deviate from standards.
Work in Process
Goods partially completed during the manufacturing process, not yet ready for sale.
Raw Materials
Fundamental substances that are transformed through manufacturing processes into a final product, essential components in production.
Variable Manufacturing Overhead
Costs in the manufacturing process that fluctuate with production volume, such as utilities or materials used only in production.
Cost of Goods Sold
The direct costs attributable to the production of the goods sold by a company.
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